construction trends

Low-Income Workers Targeted for Construction Careers

Nationally, construction employment was up (commercial construction) and down (residential) in 2Q2022. New York is one of the states with the most construction opportunities but last year it saw more construction job losses in over 25 years. Big-city development planners often have big ideas. New York City has revealed a program that will encourage low-income workers …

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Construction Employment States and Stats

Construction employment in June 2022 was slightly lower than other occupational sectors (with construction unemployment at 3.7% vs. 3.6% unemployment nationally), according to Bureau of Labor Statistics (BLS) data. But in July, we added 32,000 jobs for a 4.2% construction employment increase. The Gem State Leads Construction Employment The top five states for construction employment were: …

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Construction Industry DMI, Hiring Up

“This peak is largely due to U.S. onshoring efforts,” says Construction Dive, “as more American companies move their manufacturing facilities back to the U.S.” Manufacturing returns to the U.S. are including food-related production and electric vehicle factories. The Dodge Momentum Index is a monthly measurement of nonresidential construction industry building projects in planning. In June …

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Current Events Impacting Industrial Development

March 2022 marked two years since the WHO (World Health Organization) declared COVID-19 to be a global pandemic. Emotional and economic recovery has been slow. Supply chain issues continue to impact commercial and residential construction costs and timeframes. Even though real estate investors see industrial development as favorable (the need for space is higher than …

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Construction Industry Feb Starts: We Get By With a Little Help From Our (Manufacturing) Friends

The total construction industry starts increased nine percent in February 2022. The new construction of three “large manufacturing facilities” boosted nonresidential building starts up 32%. Without the large manufacturing projects, total construction would have declined six percent in February, according to Construction Business Owner magazine. The manufacturing facilities are: $10 billion – Intel chip fabrication plants/Chandler, …

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Construction Industry Transformation with Offsite Manufacturing

At this point in time, offsite manufacturing makes only a small contribution to most construction projects. Usually, less than 30% of a construction project utilizes prefabricated component construction because it’s a “new” process. The concept itself has been around a long time in North America. (Sears’ prefab homes were around $700 in 1895.) Offsite manufacturing is …

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Construction Industry: Winning the 21st Century

Construction industry contractors are ready to “hit the ground running” toward implementing the largest long-term investment in our country’s infrastructure in 100 years. But many construction professionals say it’s too soon to begin counting your money. The historic Bipartisan Infrastructure Law will rebuild crumbling roads and bridges, replace lead pipes…and produce concrete results that changepeople’s …

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